The first round of LVR restriction loosening came early this year, though economists say that if any further easing occurs, it would likely be relatively minor.
Thirdly, with regards future planning, we sometimes forget that we are heading towards an uncertain future, so we need to prepare society and our customers to face that future.
The regulator announced on Aug. 17 that it ordered Shanghai Commercial Bank to institute changes and pay a fine of 5 million Hong Kong dollars ($637,000) for laxity in monitoring business relationships with nearly three dozen customers.
Instead of abandoning its high-rise headquarters in Singapore where staff numbers have been whittled down during the past two years, the bank this week opened its doors to a new generation of bankers in the region.
The bank announced that interest income grew by 13.01 per cent and net interest income grew by 12.13 per cent (up from Rs 1,544 crore to Rs 1,731 crore).
While booking significant growth in assets, the bank’s capital adequacy and asset quality continue to be robust, with Capital Adequacy Ratio (CAR) at 23.95% and gross and net NPL at 2.37% and 0.70%, respectively.
Analysts have pencilled in a small rise in Westpac's profit to about $8 billion when it reports its full-year results on Monday, while Commonwealth Bank is tipped to notch up first quarter profits of roughly $2.4 billion